‘Whatever it takes’: The Five Presidents’ Report on completing Economic and Monetary Union

The EU Financial Affairs Sub-Committee of the United Kingdom House of Lords European Union Committee published a report on the 12 May 2016 'Whatever it takes': The Five Presidents' Report on completing Economic and Monetary Union'.

The Report found that the path towards economic, financial and fiscal integration raises questions about the eurozone’s ability to protect against financial and fiscal instabilities. A balance between risk reduction and risk-sharing was vital to completing Economic and Monetary Union (EMU) and would require appropriate democratic accountability structures. Sufficient political will existed for the euro to 'muddle through' but the 2025 target to complete EMU was ambitious.

ESO: Background information: France and Germany dither over the eurozone’s future http://www.europeansources.info/record/france-and-germany-dither-over-the-eurozones-future/

ESO: Background information: Completing Economic And Monetary Union [What Think Tanks Are Thinking] http://www.europeansources.info/record/completing-economic-and-monetary-union-what-think-tanks-are-thinking/

ESO: Background information: Five Presidents' Report sets out plan for strengthening Europe's Economic and Monetary Union as of 1 July 2015 http://www.europeansources.info/record/press-release-five-presidents-report-sets-out-plan-for-strengthening-europes-economic-and-monetary-union-as-of-1-july-2015/

UK: Parliament: Parliamentary Business: News, 12.05.16: Completion of Economic and Monetary Union 'unlikely' by 2025 http://www.parliament.uk/business/committees/committees-a-z/lords-select/eu-financial-affairs-subcommittee/news-parliament-2015/economic-monetary-union-report-published/

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